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Top 5 Hot Web3 Gaming Tokens to Watch Before 2024 Ends: A Comprehensive Guide

  • October 8, 2024
  • 5 min read

Top Web3 Gaming Tokens to Keep an Eye on Before 2024 Ends

With the ongoing evolution of blockchain and Web3 technology in gaming, tokens are becoming increasingly popular for their effectiveness and usefulness within decentralized systems. These tokens play a crucial role in in-game economies by providing rewards, governance, and empowering players to have true ownership over their digital assets.

As we near the end of 2024, the Web3 gaming industry is experiencing a noticeable increase in activity, with specific tokens standing out as successful assets. These tokens are not only fueling advancements in blockchain gaming but are also drawing the interest of investors seeking lucrative prospects.

Floki Inu (FLOKI) is a cryptocurrency that began as a meme token but is now expanding into the Web3 gaming industry. It has been incorporated into Valhalla, a virtual world where users can use FLOKI tokens for various activities.

In Valhalla, players can participate in battles and complete different tasks within the game to earn FLOKI tokens. These tokens can be used to purchase in-game weapons, armor, and NFTs that are valuable assets in Valhalla. Additionally, a governance feature is being worked on that will give FLOKI holders the ability to have a say in the game's development and future.

By 2024, Floki Inu has experienced significant growth, with impressive gains over the past 30 days and year. The cryptocurrency now has a circulating market cap of $1.33 billion, showing that FLOKI is becoming more popular as more people join the Valhalla community.

Immutable X (IMX) is a solution being developed to address Ethereum's scalability issue, specifically for gaming non-fungible tokens (NFTs). By utilizing zk-rollups technology, the platform enables NFT minting and trading without any gas fees, making it a favorable choice for blockchain games. Due to its efficient design, Immutable X has gained the interest of gaming projects such as Gods Unchained and Guild of Guardians.

Immutable X is a popular choice for developers and gamers due to its zero-fee transactions and ability to quickly scale. It utilizes the IMX token for governance and staking. With a market cap of $2.3 billion, Immutable X is poised for growth in 2024 as more games become part of its ecosystem.

The company Gala Games offers a platform for Web3 gaming where players have actual ownership of in-game items and a voice in the platform's governance. Gala recently shared that their tap-for-rewards games on Telegram have reached over 3 million users, just before the release of their new token, $TREZ.

Gala relies on the GALA token for all activities within its games, making it essential for players who want to engage with Gala's gaming offerings. The popularity of Web3 gaming is on the rise, particularly on platforms like Telegram that cater to a wider audience. Gala has a market capitalization of $730 million and is rapidly gaining popularity.

The XAI blockchain and its token are being closely monitored by many interested in Web3 gaming because of their emphasis on intricate, top-notch games and their strategy for scalability. XAI operates as a Layer-3 blockchain built on Arbitrum, a Layer-2 solution on Ethereum. This combines Ethereum's security with Arbitrum's scalability, with an additional layer tailored specifically for gaming.

XAI is emerging as a key player in the Web3 gaming industry with a market capitalization of $139.67 million. The platform is aiming to establish itself in the gaming market by providing both high performance and security, which are essential for top-notch gaming experiences.

Notcoin (NTC) is a type of digital currency that operates within The Open Network (TON) ecosystem and focuses on the GameFi sector. It offers a play-to-earn model that has gained significant popularity, particularly because of its connection to a popular game on Telegram where players can earn Notcoins by tapping on their screens. This straightforward and unique approach has attracted millions of users and has even been proposed as a potential method for Telegram to generate revenue from its platform.

While Notcoin's value may have decreased in the past few months, it has started to show signs of improvement recently, increasing in value over the last month. Additionally, Notcoin is well integrated with Telegram and TON infrastructure, ensuring its continued importance in the GameFi token ecosystem.

In conclusion, the gaming sector of Web3 is continuously evolving with projects like Floki Inu, Immutable X, Gala, XAI, and Notcoin leading the way. These tokens serve specific purposes such as facilitating in-game economies, enabling active governance, and promoting decentralized ownership of assets.

The tokens used in Web3 Gaming are seen as the future of blockchain gaming, but it's important to understand that market conditions can change rapidly. It's recommended for readers to conduct their own research before making any investment decisions.

Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong background in digital media and blockchain technology, allowing him to effectively explain complex ideas in his articles.

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Interested in learning more about web3 games and how to make money from them? Check out our ultimate guide on earning money from web3 games. Stay updated on the latest hot gaming tokens of 2024 with our article on what to watch before the year ends. Looking to earn rewards after an airdrop or passive income through cryptocurrency in 2024? We've got you covered with our top tips. Remember, the information provided on this blog is for informational purposes only and should not be taken as financial, legal, or investment advice. The opinions expressed in the articles belong to the authors and may not represent the official views of NFT News Today.

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